3 months on rocket

398 NE 5th St Unit 1708, Miami, FL, 33132

$625,000

Home List Price

$7,422*

Closing Credit

1 Bedroom
1 Full Bath
485 SqFt
$1,289/SqFt
Condo

Location

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398 NE 5th St Unit 1708, Miami$625,000

Buyer Closing Credits

$7,422*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOne Space, Valet
Garage1 space
Year Built2022
HeatingCentral
CoolingCentral Air
WaterfrontBay Front, Water Access
ViewBay, Intercoastal
MLS #A11668916
StatusActive

About 398 NE 5th St Unit 1708

In the heart of Downtown Miami, The Elser sets a new standard for luxury living and smart investment. This stunning studio is not just a home; it's an opportunity. Allows short term rentals managed across top rental platforms like Airbnb, VRBO, it offers you the chance to earn income or as a personal getaway. Enjoy breathtaking views, 24/7 concierge, smart technology, and EV charging. The amenities? Unmatched. Dive into a resort-style pool, unwind in exclusive lounge areas, and work seamlessly in our state-of-the-art co-working space. Steps away from Miami's best – Whole Foods, FTX Arena, South Beach. The Elser is not just a residence; it's the pinnacle of Miami living. Whether you're looking for your next home or a smart investment, welcome to your future in Miami.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise, Other
  • Year Built: 2022
  • Living Area: 485 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (786) 723-6041
  • Listing Agent: Ana Rodriguez

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Bedroom on Main Level, Eat-in Kitchen, Elevator, First Floor Entry, Living/Dining Room, Main Living Area Entry Level, Skylights, Bar

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Bay Front, Water Access
  • View: Bay, Intercoastal
  • Exterior: Balcony, Security/High Impact Doors

Parking Information:

  • Garage Space: 1 space
  • Parking: One Space, Valet

Virtual/3D Tour

  • Virtual Tour: 398 NE 5th St Unit 1708
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $625,000
  • Price Per SqFt: $1,289/SqFt

HOA Fees:

  • Amount: $1300
  • Frequency: Quarterly
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$570.6K

Med. Price/SqFt

$392

Avg. Days On Market

68

# of Sold Homes

699

398 NE 5th St Unit 1708 vs Miami

93 DAYS ON ROCKET

+25 Days

$625,000

+$54.3K More

$1,289/SqFt

+$896 More

KEY TAKEAWAY

This property is $54.3K more than the Median Sold Price and $896/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11668916

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (786) 723-6041
  • Listing Agent: Ana Rodriguez

IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/2/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,620

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,940

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-75734
7
/10

  • Downtown Miami Charter School

  • 305 NW 3rd Ave

  • 0.63 miles

  • Public Charter Grades KG-6

school-card-donut-75735
3
/10

  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.81 miles

  • Public District Grades PK-5

school-card-donut-75736
9
/10

  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 0.90 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,792. The most common annual income of people living in Miami, FL is less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 398 NE 5th St Unit 1708

What is the listing price of this property?

The listing price of 398 NE 5th St Unit 1708 property is $625,000.

What type of property is this?

The property 398 NE 5th St Unit 1708 is a condo located in Miami, Florida, 33132.

Is this property for sale now?

Active Listing: 398 NE 5th St Unit 1708 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 398 NE 5th St Unit 1708 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 398 NE 5th St Unit 1708 is 485 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 398 NE 5th St Unit 1708 is 2022.

Rocket Homes›Florida›Miami-Dade County›Miami›33132›398 NE 5th St Unit 1708

This home is located at 398 NE 5th St Unit 1708 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 485 square foot home was built in 2022. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $625,000.

In December 2024, from all listings sold in Miami, FL there were more than 42 sold above asking price, over 562 sold below and more than 95 were sold right at the asked price. The number of listings in Miami, FL increased by 6.9% between November 2024 and December 2024. In December 2024, listings were on the market for 68 days. During the same period, the median list price in this real estate market was $570,654.

From Rocket Homes Real Estate and based on county public records data.

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